Palfinger AG

euro adhoc: quarterly or semiannual financial statement
PALFINGER - an unbroken history of success

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3-month report

08.05.2007

PALFINGER - an unbroken history of success with further growth in results in the first quarter of 2007

o Continuing strong demand pushed up revenues by 15.9 percent  o EBIT increased by 37.2 percent, corresponding to an EBIT margin of 14.8     percent  o Measures aimed at raising capacity and enhancing material supply underway

@@start.t2@@|in EUR m                        |Q1 2007  |%          |Q1 2006 |Q1 2005  |
|                                    |              |            |            |              |
|Revenue                         |162.4      |+ 15.9% |140.1    |121.7      |
|EBITDA                          | 27.2      |+ 31.5% | 20.7    | 19.7      |
|EBIT                              | 24.0      |+ 37.2% | 17.5    | 17.1      |
|EBIT margin                  | 14.8%    |-          | 12.5%  | 14.1%    |
|Net profit for the        | 19.6      |+ 56.6% | 12.5    |12.8        |
|period                          |              |            |            |              |

Bergheim, Salzburg, 8 May 2007

In the first quarter 2007, PALFINGER  achieved  record  revenues  and  earnings. Revenues increased by 15.9 percent to EUR 162.4 million,  and  -  compared  with the same quarter of the previous year - EBIT rose by 37.2  percent  to  EUR 24.0 million. The EBIT margin reached 14.8  percent,  up  from  12.5 percent  in  the first quarter of the previous year; proportionately, the growth in order  volume was very significant.

The prime contributors to this increase in revenues and  earnings  continued  to be the cranes business in Europe  and  the  high  capacity  utilisation  in  all production areas. Still, the situation in the materials and  components  segment remained tight. Furthermore,  PALFINGER  was  faced  with  another  increase  in material prices. Thus, in line with this  increase  in  material  prices,  sales prices were raised at the beginning of the year,  but  due  to  the  high  order volume the price increase is expected to have a delayed effect on  the  results. Capacities have been and will continue to be expanded, with the focus  remaining on the ongoing commitment to improving effectiveness, efficiency, and quality.

The operating cash flow amounted to EUR 7.9 million in the period under  review, up from EUR 6.2 million in the  same  period  of  the  previous  year.  The  low gearing ratio of 7.4 percent and the equity ratio of  54.4  percent  -  together with the cash flow - constitute a sufficient  foundation  for  our  strategy  to finance further growth from our own resources.@@end@@

On the basis of the excellent results of the first quarter as well as the positive development in terms of new orders, management expects record revenues and earnings in the 2007 financial year.

The  successful  implementation  of  the  capacity-raising  measures initiated together with a stable materials supply, as well as  the   successful  turnaround in HYDRAULIC SYSTEMS set the framework for the 2007 financial year. +++

About PALFINGER AG For many years PALFINGER has been one of the world's leading manufacturers of hydraulic lifting, loading, and handling systems. As a multinational group headquartered in Salzburg, the company's 3,500 staff generated total sales of EUR 585.2m in 2006. The Group has production and assembly facilities in Europe, in North and South America as well as in Asia. The pillars of corporate strategy comprise innovation, and the further internationalisation and diversification of products and services. PALFINGER is regarded not only as the market leader, but also the technology leader, in the global market for hydraulic knuckle-boom cranes. PALFINGER is always in proximity to its customers due to its over 1,600 sales and service centres located in over 125 countries across five continents.

Both text and pictures are available for download in the press corner of our website at www.palfinger.com. An extensive database of press documents and pictures can also be found at the PALFINGER EXTRANET. Please register for this free service at http://extranet.palfinger.com

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ots Originaltext: Palfinger AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Hannes Roither, PALFINGER AG
Head of Public Relations & Investor Relations
Tel.: +43 662 46 84-2260
mailto: h.roither@palfinger.com
www.palfinger.com

Branche: Machine Manufacturing
ISIN:      AT0000758305
WKN:        919964
Index:    ATX Prime
Börsen:  Wiener Börse AG / official dealing



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